Bluefin Tuna sells for $736,000 in Japan!

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Uploaded by on Jan 12, 2012

All across the globe and Nihon-koku (Japan) headlines and news reports beam the sale of one Bluefin tuna for the hefty price of $736,000 for a 593 pound tuna. That interprets to around $1,238 per pound.

That event is not normal in the Bluefin tuna market. The price of Bluefin tuna is set on the world market, much like oil (petroleum) and averages around $9.00 a pound. This event was the result of the first auction of the year. Also it provided millions of dollars' worth of free publicity for the restaurant who paid the $736,000.

The restaurant chain Suchi-Zanmai for their $736,000 received in return millions of dollars in free publicity, and a 593 pound Bluefin tuna. This news was broadcasted all across Japan both in print and electronically (radio, television, and Internet news reports).

So-called animal rights groups who are in actuality anti-capitalist claim the Bluefin tuna stocks around the world are in danger. However looking at the reports linked below the opposite seems to be true. Around 80% of Bluefin Tuna caught around this planet are shipped to Japan. Once received in Japan, the Japanese keep precise records in an attempt to maintain the sustainability of this food source.
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News article about this Bluefin tuna sale:
http://www.usatoday.com/news/world/story/2012-01-05/japan-pricey-tuna/52384098/1

Link to the SAFE report which details average historical sales prices per pound on table 5.2, page 135. This is a NOAA report.
http://www.nmfs.noaa.gov/sfa/hms/Safe_Report/2011/CHAPTER%205.pdf

ICCAT met this past November to discuss migratory species including Bluefin tuna. The following link describes the progress made at that meeting and will help give you an idea of the extent the stock recovery.
http://theabta.com/Nov19PressRelease.pdf

Bluefin tuna "blue fin tuna" fish auction Sushi Zanmai "tuna sustainability" Japan Japanese fish market クロマグロの魚市場 propagandabuster propaganda buster Texas Daddy Tony

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  • Ha! I work in an ice cream shop and we sell chocolate at $26.95 per lbs. 

  • ※For those who don't get used to the American units of measurement

    fish name Bluefin tuna=kuro maguro(クロマグロ)

    593 pound=269kg

    $736,000=¥56,490,000

    ¥210,000/kg

    This became a big news all across Japan, so Sushi- Zanmai must be thinking that made good publicity for them, in spite of the extravagant price :)

    TVニュースが良い広告になったと思えば、この落札額でもペイす­ると寿司三昧は思ってるのかも。

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All Comments (51)

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  • Controversial Unification church Sun Myung Moon affiliated corporation controls 60% of all sushi supply chains. One cannot own a sushi restaurant without doing business with them.

  • The reason of the high price.

    For several years, a tuna price in Tukiji rises by a Chinese supplier of Hong Kong.

    In Hong Kong, the TUKIJI tuna is luxury brand.

    The supplier who knocked down a tuna said.

    ”Hatumono( first unloading) is Japanese culture.

    I wanted a Japanese to eat it not a Chinese of Hong Kong.”

    In Japan, the tuna caught in Oma is high-quality.

  • Support the "Popsicles for Sharks" project. Sink the Steve Irwin in the Southern Ocean!!

  • MASTERNCS, you are misinformed about high price due to limited supply. American fishing vessels received an average of $9/ lb. for bluefin tuna shipped to japan in 2011.

  • Very Nice I am going to link this to my site to explain to my customers why they do not get rich when they catch a Bluefin big enough for the market.

  • looks like Japanese people really are stupid. paying that much for a fish is just retarded considering it probbly cost the catcher next to nothing to actually catch it (well gas money and food costs) but that would probbly be less than like 50k.

  • Suchi-Zanmai advertising says; "Eat here! We're insanely overpriced".

  • @MASTERNCS

    No, you're not subscribed to Tony.

  • @N00bcrunch3r nope and what of it.. I'm trolling just like you are.

  • @MASTERNCS

    And yet you haven't mentioned one thing about it in every reply you sent me.

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